Author Archive: Jeremy Parkinson
The Safety Net: A 20% Yielder Got A Downgrade
I last looked at Calumet Specialty Products Partners L.P. (Nasdaq: CLMT) in the Safety Net more than two years ago. At the time, I gave the stock a dividend safety rating of “D.” Though its 10% yield at the time was attractive, the company’s distributable cash flow – a measure of cash flow used by MLPs – did not […]
A Scam Called Valeant —Why The Casino Is Going To Blow
If you need evidence that Wall Street is a financial time bomb waiting for ignition look no further than the recent meltdown of Valeant Pharmaceuticals (VRX). In round terms, its market cap of $90 billion on August 5th has suddenly become the embodiment of that proverbial sucking sound to the south, having plunged to less than $12 billion by Wednesday’s […]
The Dynamic Duo Of Risk Factors
The value and momentum factors have earned high praise in recent years as complementary sources of risk premia for designing and managing equity portfolios. AQR’s widely cited paper “Value and Momentum Everywhere” a few years back helped popularize the idea, pointing to applications in equities and beyond. There’s no shortage of support from the wider world of […]
Dollar Rises As Rate Hike Prospect Intensifies
For a 5th straight day, the US Dollar Index edged higher, moving toward a record for best string of gains in nearly a year. That comes as a result of FX traders pricing in the likelihood of two additional rate hikes later this year. The most recent improvement in sentiment came in the wake of […]
Trading Opportunities – 3/24/2016
EUR/GBP: Above the 0.7900 The Euro is trading in advance against the British Pound, reaching the 0.7900. We might be buyers of call options, with short-term resistance the area of 0.8000-0.8079. On the other hand, a reversal move below the support area of 0.7700, it might open the way for put options. AUD/USD: […]
Three Cheap Healthcare Stocks Worth Buying Now
The start of this year has been a wild ride, to say the least. There has been a lot of market volatility, but the S&P 500 is finally close to reaching positive territory in 2016. Don’t settle for breaking even though. Below, we outline three companies in the healthcare sector which have significantly outperformed the […]
U.S. Futures Slide, Crude Under $39 As Dollar Rallies For Fifth Day
Following yesterday’s dollar spike which topped the longest rally in the greenback in one month, the prevailing trade overnight has been more of the same, and in the last session of this holiday shortened week we have seen the USD rise for the fifth consecutive day on concerns the suddenly hawkish Fed (at least as long as […]
The State Of Emerging Markets In The Global Economy
The Bulls May Be Stomping but Not Everyone is Chompin… The decision by the Federal Reserve Bank to maintain interest rates at their current level of 0.25% – 0.50% has had a significant impact on the performance of emerging markets around the world. Of the 63 major stock market indices, it was reported that 28 […]
Gold Price Slumps On Hawkish Remarks From Fed Members, Oil Shrinks
The US dollar continued to bounce back due to risk-off sentiment and profit taking activities before the Easter long weekend. As a result, commodity prices lowered across the board. Oil prices sank after inventory data from U.S. Department of Energy showed a build of +9.36 million barrels for crude oil, much larger than the expected +2.48 million. This depressed prices further […]
